China Next-Gen Commerce and Supply Chain Limited (Stock Code: 3928) disclosed a transaction involving Sing Tec Development and Poh Wah Group (collectively, the Vendors) granting 2K Property Pte Ltd. an Option To Purchase for a property disposal. The total consideration is S$8.8 million, with the property comprising approximately 7,470 square feet at 114 Lavender Street #01-68, CT Hub 2, Singapore 338729.

According to the announcement, the property had a valuation of S$8.6 million as of 8 October 2025. The carrying amount of the property as of 30 September 2025 was approximately S$8.6 million, measured at cost less accumulated depreciation and impairment. Rental income from this property for the financial year ended 30 September 2025 reached S$224,500. Net profits attributable to the Group from this property were S$155,485 in the same period.

Completion of the sale is scheduled for 30 December 2025. The company expects a gain of approximately S$34,000 from the disposal, with proceeds used for general working capital and to repay existing indebtedness. The disposal constitutes a discloseable transaction under Chapter 14 of the Listing Rules and is subject to the applicable notification and announcement requirements.